Possible entry after breakout and then rest if the price retaces back with defined SL mentioned. Pharma sector is picking steam once again in the short term.
Nifty, like Bank Nifty, is in a mature upward sloping trend channel. Although here we can see some form of a short-term distribution at the top. However, the natural bias has to be up till the channel holds. A dotted internal demand line which later acts as an axis line is also annotated. It provides trading opportunities all along with the other structural...
A matured Trend channel (upward sloping) is ongoing in Nifty Bank after some consolidation. The trend as can be seen from the structure is beginning to lose steam as of now. Important Support and Resistance levels are marked for reference. Be careful of not to trade in the middle of the channel as these areas tend to get noisy and hard to interpret. Rather focus...
IGL bounced from major long-term support, ideal entry was today, now can accumulate at every dip, possible exit targets given using Anchored VWAP(in red). Can keep the support from where the bounce occurred as SL.
Flag consolidation happening in the form of a downward sloping trend channel. Logic of the trade is given along with possible entry and SL. Nifty FInance and the broader market has to remain in a bullish structure for this trade to hold
Cipla can buy at open tomorrow, looking bullish, and tested the demand line of a validated channel. Target can be the supply line of the channel
Simple price action at play. Supply vs demand, good breakout with strong vlume and then retest, spring(crowded/trapped traders) which fuels the momentum in the opposite direction.
The auto sector has underperformed in the last few months, but many auto sector stocks like Eicher, Escorts outperforming, and now M&M looking to breakout.
Bearish Harmonic Bat formation on Bank Nifty on 30 min timeframe chart. Entry, SL, Targets defined
Can be traded with a tight SL for good profit potential. Since supply is eradicated in such setups, the mark-up phase should be fairly smooth.
Structure marked on this stock for short term, in a nice uptrend after correcting for a long time. Also included is a little nested wedge pattern from which the price broke out for a sharp spike up at 2PM today.
Self-explanatory. Simple Price Volume Analysis and Fibonacci support. Took the trade because Bank Nifty was in a good structure but it tested out the patience of the traders.
A self-explanatory chart, can see a good rally provided the Bank Nifty doesn't correct too much from here.
Can f ollow either of the two routes to move further up
Bank Nifty is bullish, has countered the long red vertical column recently and is now moving higher with momentum. Price stalled occasionally exactly at that level before moving higher again(highlighted area). Chart also includes a short term harmonic pattern and gann levels.
Stop Loss and targets mentioned
Bearish and Bullish Bat Pattern and some important fib levels along with long term trend channel
Possible levels of reversals. If crossed with conviction, then can act as a strong support.